Plian and East China Normal University, a top famous comprehensive public research university in China, reached a cooperation on blockchain technology research and built a new commercial subchain based on Plian. We and Professor Jim team from its School of Data Science and Engineering have jointly researched on the Byzantine consensus protocol for linear single-round voting for large-scale networks and developed the LinSBFT consensus protocol which has been has been used on nearly 100 commercial applications.
The LinSBFT consensus protocol developed is based on threshold signature technology to achieve linear communication complexity, improve protocol expansion capabilities, and support more nodes to participate Consensus, and use the structural characteristics of the blockchain to reduce voting rounds and improve system throughput.
In the future, Plian and East China Normal University will continue to cooperate in the research and commercial application of blockchain technology based on Plian ecosytem.
ECNU is a Chinese Ministry of Education Class A Double First Class University. It was formed in 1951 by the merger of the Great China University founded in 1924 and Kwang Hua University (est. 1925) which had its ultimate origins in the St. John’s College established in the city in 1879. It is often considered to be one of the most prestigious universities in China and is internationally recognized, as evidenced by its partnerships with institutions around the world. Sponsored by the national program “Project 211” and “Project 985”, the university is a frontrunner in the nation’s research and innovation, and has been dubbed as the “Columbia of the East”. The university also has strong ties with the China Meteorological Administration, State Oceanic Administration and the Chinese Academy of Sciences.
Plian (Previously PCHAIN) is setting out to take what they have learned through developing enterprise subchains for applications in a wide variety of fields and focus it into a highly scalable, multichain smart contract platform and decentralized finance (DeFi) toolset that satisfies all the requirements of public and enterprise DeFi while also simplifying integration. This strategy will be accomplished by developing tools for simplifying smart contract and DApp deployment, adding on-chain oracles as well as creating novel technologies for adding programmable liquidity to further simplify integrating with Plian.
As part of this new vision, Plian will be developing a familiar suite of tools that make testing, launching, and maintaining complex smart contracts simple with tools like Truffle and Waffle, while also releasing smart data and oracle mechanisms that increase the complexity of what is possible with smart contracts. Plian will also sponsor a community governed Decentralised Swap, Pizzap, to open the platform to cross-blockchain liquidity.
This tool suite and platform will transform Plian into a massively scalable, interoperable, Solidity programmable, and near-instant blockchain for public and enterprise DeFi needs.